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Program summary: Iran IRINN TV economic news, Oct. 3

Business Materials 3 October 2017 17:44 (UTC +04:00)

The following is a numbered list of news on latest economic developments in the Islamic Republic of Iran, as of 12:00 GMT, Oct. 3, on IRINN TV.

1. 12:04 GMT – The Iranian government spokesperson, Mohammad Bagher Nobakht, said that the salary of the government workers will increase by 10 percent over the next fiscal year (to start March 20, 2018).

2. 12:05 GMT – Iranian economy minister, Masoud Karbasian, joined a meeting between the representatives of the government and the country’s private sector to discuss the problems of the domestic producers and exporters.

3. 12:08 GMT – Iran has launched a plan to create 20,000 home jobs in the country over the next fiscal year.

4. 12:09 GMT – Report on the prices of gold in the Iranian market. Gold coin was traded at 12,483,000 rials (about $318.6 according to the currency rate in free market) on Tuesday. One gram of the 18-karat gold was priced at 1,206,000 rials (about $30.7).

5. 12:09 GMT – Report on the rate of foreign currencies in the Iranian market. Euro valued 46,183 rials in the free market dropping 142 rials compared to the preceding day. The US dollar added 35 rials to stand at 39,177 rials.

6. 12:10 GMT – Report on the performance of Tehran Stock Exchange (TSE). The main index of the TSE lost 159.9 points to stand at 85355 points.

7. 12:11 GMT – Report on the supply of poultry meat in the Iranian market.

8. 12:12 GMT – Report on the production of railway locomotives in the country. The report says that 40 percent of the locomotives in use in the country have been manufactured domestically.

Source: State-owned news channel IRINN, Tehran, in Persian

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